brisan wrote: » I bought my first house in 1982 as a 4th year apprentice 3 bed semi for 24500 pounds Borrowed 18k at 16.5 % Lads now complain about 3 or 4 % mortgages lol
awec wrote: » How many 4th year apprentices do you think can buy 3 bed semi's today?
Akesh wrote: » Some people really don't understand inflation... Imagine writing that post you quoted thinking you were making a valid point :eek:
fliball123 wrote: » It is also attitude and entitlement..How many 4th year apprentices will sacrifice 5/6 years of not going out , not taking 2 holidays to the canaries and live with the parents saving on rent in order to get a deposit and to be in a position to buy. Its not just about inflation
Cantstandsya wrote: » So the fourth year apprentice should start saving for his deposit in third year of secondary school?
Shelga wrote: » Do you think it's right that that is what someone has to do, in order to have a place to call their own? Do you think someone is a better person if they have zero life for 6 years and live with their parents for 6 years, well into their late 20s/early 30s? Let's focus on the broken system, not pat ourselves on the back for the amount of misery points we accrued, while totting up our savings :rolleyes: And yes, I'm well aware that "that's just the way it is."
fliball123 wrote: » Well I did it, anyone I know in my extended family and friends who has a house now did it, my parents before me did it. Now weather it is right or wrong I couldn't answer that but on the flip side why should it just be handed to the current generation? All I know is that someone selling wont just go ahh look at this poor 20/30 something we have to help out this poor buyer out as they partied for a few years and had a lot of holidays and unfortunately now they have very little savings so lets drop our price to suit them. That is just not a reality we live in. If you want something you have to sacrifice and its not just in property but its pretty much how it works in all facets of life
Cantstandsya wrote: » No, you didn't do it. You bought a house in a property market that doesn't exist anymore.
awec wrote: » This is one of the laziest, most patronising elements of society today, the idea that people buying today have it easy. Anyone who thinks people struggle to buy houses today because they go out at weekends is an idiot. There is no other word for it.
fliball123 wrote: » I never said they had it easy. I just said there should be no expectation of it being handed to them, big big difference.
awec wrote: » No such expectation exists.
Cyrus wrote: » the premise remains the same, buying a house is easier if you sacrifice, previous generations were more likely to scarifice than current generations. generally now, we want it all, and we want it now.
fliball123 wrote: » OK I will bite explain??
awec wrote: » It wouldn't matter if someone ate koka noodles and toast twice a day and lived in their mum's attic, in the grand scheme of things it's insignificant, house prices have soared and wages have not kept up. People on average salaries struggle to or just can't afford average homes. It's nothing to do with sacrifice. The market today is totally different to what it was 20/30/40 years ago.
MacronvFrugals wrote: » I went to college 4 years, study most weekends to get certifications and currently a programmer on 48k aged 24, live with my parents and nearly have the deposit up yet i'm still relying on the Rebuilding Ireland scheme to buy in a very rough part of D11, thats fine though i'm excited about getting my own home and understand how lucky i am. Many of those weekends though i thought to myself this isnt sustainable only to a hyper introvert who loves learning like myself, is this the standard for a single person to own their own home now? if so its pretty miserable tbh. This avocado toast attitude has ran its course, my dad often acknowledges he bought a 4 bedroom really nice house on 1 bricky wage in the 80s - compare that standard to now.
fliball123 wrote: » Well aren't you just proof that it can be done? I am not saying its easy and you will be on the ladder and once your on when your more comfortable or moving on in your life as in a wife, kids whatever floats your boat you can trade up and when the kids fly the coup and you don't need the 4/5 beds anymore you can trade down. I have listed a fair few differences between now and when I was starting out but fair play and congrats on your gaff..go and enjoy it as you have made a lot of sacrifices for it.
Cantstandsya wrote: » Did you read what the poster actually wrote?
fliball123 wrote: » Yes I did and what was wrong with what I replied? I dont know when his dad bought I couldnt have bought one on a brickies wage when I was buying it took my wage and the misses? I dont know where I have offended you?
Cantstandsya wrote: » What does this mean? Please show me the evidence that "previous generations were more likely to sacrifice". It sounds like the usual dismissive guff that gets trotted out by a generation passively enriched by rocketing asset prices to convince themselves they earned their wealth.
Shelga wrote: » But who is saying it should just be handed to us? No one is arguing that. Ok, you had no life for 4 years, well done. That's 4 years of your 20s you'll never get back, and no I'm not saying go out and spend all your money on alcohol, but there has to be some leeway for occasional eating out, socialising, seeing a little bit of the world, even if that's just an odd weekend away. I think those things apply to both the 1980s and now. I would crack up if I sat in my living room for 4 years straight. All people are saying is that it is frustrating and demoralising if you are on a middling salary of say €40-45k in Dublin, you pay €700 a month in rent, you cut the rest of your expenses down to the bone, and say you save €800-1000 a month. The bank will only lend you €158000. Say a pretty basic 2 bed place in Dublin costs €260k. It will take you 9.5 years to save a deposit, plus come up with an extra €5k for stamp duty and expenses. For all of this 9 years you can have no major expenses, no holidays, no unexpected large bills. Now, obviously people would aim to earn more as the years go by. But what if you start off on €23k, and work your way up to €45k after 5-10 years? I'm sure this isn't a million miles away from what teachers and nurses earn. What kind of life is that? There is chasm between what I have just outlined, and "expecting a house to be handed to you." The truth is, it's near impossible to do, without a partner or family help, whereas my parents could easily secure a mortgage on 1 income, and the house was about twice my father's annual salary. You cannot compare the two. Anyway, I'm out, these conversations go nowhere.
